This word was coined by Jon Stewart on The Daily Show on October 3, 2006.

Republican senator Linsey Graham's comments from the Daily Show clip:

"If it is seen that our country is trying to define the Geneva Convention to meet the needs of the CIA, why can't every other country redefine the Geneva Convention to meet the needs of their secret police? It would be a disaster."

Jon Stewart's response:

"Yes, a disaster, as opposed to what we have in Iraq now. Uh, what's it called when a hell-hole hits a cataclysm? A, uh... catastrofuck.

A catastrophic screw up of gigantic proportions. A monumental mistake resulting in unimaginable damage.

Upon jumping out of the airplane, the skydiver reaches for the rip cord to pull the parachute--only to discover he's wearing his back-pack containing a sleeping bag. This terrible catastrofuck will cause him to quickly plummet to his death rather than gently glide to the ground.

A word first used (to my knowledge) by John Stewart, host of the awesomely successful "The Daily Show With John Stewart" on Comedy Central. Combining the words "catastrophe" and "fuck," Stewart created a word describing:
1. A catastrophe with a solution so unforeseen, that it's tangled in a web that no man (or government) can reach it.

2. A bad situation that resulted in an awkward and unintentional sexual encounter.